Canada’s largest alternative asset manager is likely to delist the Madrid-based company after the purchase, according to the people, who asked not to be identified because the discussions are confidential. No decision has been made and the transaction may not take place, they said.

Shares of Saeta Yield have risen 24 percent in the past year, giving it a market value of 832 million euros ($1 billion).

A representative for Toronto-based Brookfield declined to comment. A Saeta Yield representative didn’t have an immediate comment Friday.

Saeta Yield is buying wind and solar plants to diversify the business beyond Spain while adding assets that generate stable cash flows. In October, the so-called yieldco, a renewable energy company set up to produce predictable recurring income, purchased a group of Portuguese wind farms for about 104 million euros. Earlier in 2017, it acquired two wind parks in Uruguay.

Major shareholders of the company include Real Madrid Chairman Florentino Perez’s Spanish building company Actividades de Construccion y Servicios SA, as well as Global Infrastructure Partners. The company has 16 wind farms and five solar thermal plants in Spain, according to its website.